(a) Prepare adjusting entries for the following. - The prepaid insurance on January 1 is $7,650. - Interest of 10% on notes payable, accrued but paid $3,360. - Salaries and wages earned but not paid, $2,400. - Office supplies on January 1 are $9,000. (b) Prepare closing entries. For the toolbar, press ALT+F10 (PC) or ALT FFN+F10 (Mac). (a) Prepare adjusting entries for the following. - The prepaid insurance on January 1 is $7,650. - Interest of 10% on notes payable, accrued but paid $3,360. - Salaries and wages earned but not paid, $2,400. - Office supplies on January 1 are $9,000. (b) Prepare closing entries. For the toolbar, press ALT+F10 (PC) or ALT FFN+F10 (Mac)